A close below 95.58 USD/CAD puts in an outside reversal week in Canada. The commensurate futures price is a close above 104.32 ( pit) 104.37 ( all session). We’ll use 104.37. Closing over this level in the futures ( below in USD/CAD) … Continue reading
The indices seem to have bottomed for now. So the first step is to manage our shorts ( long ETF’s like SDS). We’ll await further price action tomorrow before we close out these positions. We’d like to see confirmation that … Continue reading
The commodities are all back with a vengeance since the opening bell last night. Trading should be viewed as technical for the next couple of weeks. Focus on buying any good “big break” where you can manage your downside. Keep … Continue reading
Silver is set to re-test the Sunday low. 41.77-42.05 is the Keno level. We are not playing this time down and it is a level for only the nimblest of professional traders to monkey around with. A close below 41.77 … Continue reading
Midcap 100770 a close below puts in an outside reversal day to the downside. Russell 85860 a close below puts in an outside reversal day to the downside. Only the Spu lag..
More one way bets are being taken off. I would look for at least another figure in EUR/JPY, 118.50 level seems the first good sticking point. We still want to put the cross on around 117 ( long Euro/Short Yen) … Continue reading
“Matches and targets” We are a big fan of Charles Nenner’s model work. His targeting system and model work for ( TREND) breakdown’s is par excellence. Yesterday was a perfect example on how to use his technical work. Gold,Aud/Usd, Usd/JPY … Continue reading
You have a double bottom in the 30 yr. futures at 118.14. DE under 96.25 is negative the board CAT …a weekly close under 108.61 would confirm a near term top. Not only would this put in an outside reversal … Continue reading